The Cassava market in Brazil has experienced a notable decline over the past decade. In 2023, the market stood at 5.85 million metric tons, demonstrating a year-on-year decrease of 2.29%. Over the last five years, the compound annual growth rate (CAGR) has been -1.82%. Historical data indicates a consistent downward trend, with the most significant drops observed in 2017 (-12.36%) and 2020 (-7.18%). The forecast suggests this decline will continue, with a projected 5-year CAGR of -2.07%, culminating in a market size of 5.13 million metric tons by 2028.
Future trends to watch for include:
- Technological advancements in cassava processing.
- Changes in domestic and international demand.
- Government policies impacting agriculture.
- Climate change effects on cassava cultivation.
- Adoption of sustainable farming practices.
